CNBC
Nvidia says Groq racks will be online this year following $20 billion purchase
Monday, August 24, 2026
Nvidia purchased Groq for $20 billion and stated that Groq server racks will be operational in 2026. The acquisition emphasizes Nvidia's focus on low-latency inference capabilities for AI applications. Groq specializes in processors designed to reduce latency in AI model inference tasks.
